Contrary to a Published News Report, 7-Eleven, Inc. Has No Plans for an Equity Offering in the Near Term and No Plans to Buy Shares From Its Majority Owner

DALLAS, Jan. 8, 2004 -- 7-Eleven, Inc. has no plans to buy a portion of the stake currently held by its majority owner (Ito- Yokado Co., Ltd., and its affiliates), contrary to what was reported today by a news service. Additionally, 7-Eleven has no plans to issue equity to the marketplace in the near term.

This release includes certain statements that are considered "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not a statement of historical fact should be deemed to be a forward-looking statement. Because these forward- looking statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. There can be no assurance that (i) we have correctly measured or identified all of the factors affecting our business or the extent of their likely impact; (ii) the publicly available information with respect to those factors on which our business analysis is based is complete or accurate; (iii) our analysis is correct; or (iv) our strategy, which is based in part on this analysis, will be successful.

About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 19,500 7-Eleven stores in 17 countries and territories throughout the world. During 2002, 7-Eleven stores worldwide generated total sales of $33 billion. Find out more online at www.7-Eleven.com .

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              Carole Davidson, CFA                Margaret Chabris
              (214) 828-7021                      (214) 828-7345